Barr: 'now is the time' to prepare for AI-driven job losses

Federal Reserve Gov. Michael Barr said artificial intelligence has not yet had a material impact on the labor market, but governments and businesses should be prepared nonetheless.

Federal Reserve Gov. Michael Barr said artificial intelligence has not yet had a material impact on the labor market, but governments and businesses should be prepared nonetheless.
A folder of social media applications, including TikTok, Instagram, X (formerly Twitter), Snapchat, YouTube, Facebook, Threads, Discord, and Messenger. Nurphoto | Nurphoto | Getty Images Millennials may feel a pang of nostalgia at the news of Myspace’s planned revival, but analysts caution that the once-dominant social media platform faces long odds in an overcrowded market…
Timing shapes the depth of regret. Among buyers who purchased in 2022 — when rates were climbing sharply and competition was fierce — 32% said it was not a good time to buy, the highest share of any cohort since 2000. Kurt Strandson, president and CEO of Pinnacle Mortgage in New Hampshire, told Mortgage Professional…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. August 04, 2026 Federal Reserve Board announces approval of the application by FS Bancorp, Inc. For release at 4:30 p.m. EDT The Federal Reserve Board on Tuesday announced…
The Property118 incorporation model has probably undergone more scrutiny than any other landlord incorporation strategy in the United Kingdom. After years of HMRC investigations and a full 10-day First-tier Tribunal Appeal hearing, the Tribunal overturned HMRC’s allocation of Scheme Reference Numbers, resulting in the cancellation of those references and an associated Stop Notice. As Property118’s…
The Mortgage Strategy Specialist Lending Awards 2026, in partnership with Black & White Bridging is more than an evening of recognition – it’s an opportunity to celebrate success, reconnect with colleagues, strengthen client relationships and experience one of the UK’s most iconic venues. On 15 September, join the specialist lending community at The Belfry Hotel…
Providence Equity Partners is set to buy property data firm Hometrack, it announced today. Hometrack currently services 16 of the top 20 UK mortgage lenders, as well as all of the top 14 Dutch lenders. Providence senior managing director Robert Sudo said: “Hometrack is a market leader in automated residential property valuations, built on market-leading…